B. Riley raised the firm’s price target on Applied Materials (AMAT) to $265 from $200 and keeps a Buy rating on the shares. The firm upped price targets in semiconductor capital equipment following the SEMICON West conference. Riley believes “significant order upside is likely for many in the months and quarters ahead as fuel for another leg up” in the stocks.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMAT: